Switzerland's UBS and Canada's 4th Largest Bank, BMO, Disclose Bitcoin ETF Holdings

Recent SEC filings reveal significant moves in the cryptocurrency market by major banks. Switzerland's largest bank, UBS, and Canada's Bank of Montreal, one of the country's top five banks with CAD $1.3 trillion in assets and its oldest bank, have disclosed their holdings in Bitcoin ETFs. UBS has shares in BlackRock's Bitcoin ETF, while the Bank of Montreal, Canada's 4th largest bank, has multiple holdings including ETFs from Fidelity (FBTC), Franklin Templeton (EZBC), BlackRock (IBIT), and Grayscale (GBTC). These disclosures highlight a growing trend of traditional financial institutions investing in cryptocurrency.